BenchMark Forex broker specializes in providing foreign exchange trading services, the company's official website https://benchmarkfx.co.uk/real_account.php, the company's legitimate regulatory information FranceAMFRetail Forex License,GermanyBaFinRetail Forex License,United KingdomFCAEuropean Authorized Representative (EEA),SpainCNMVRetail Forex License, to enhance the security of the company's address 19 Viskyar Planina Str, Fl 2 - 1407 SOFIA (BULGARIA).
BenchMark Forex Broker
Basic information
Bulgaria
5-10 years Suspicious Regulatory License MT4 Full License MT5 Full License Global Business High potential riskCompany profile
BenchMark Information
BenchMark is a broker. The tradable instruments with a maximum leverage of 1:400 include forex, indices, stocks, cryptocurrencies, metals, ETF, and oil&gas. The broker also provides live and demo accounts. The minimum spread is as low as 0.6 pips and the minimum deposit is 0. BenchMark is still risky due to its suspicious clone status.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:400 | Suspicious Clone |
| 24/5 customer support | Island account unavailable |
| MT4/MT5 available | |
| Spread as low as 0.6 pips | |
| Demo account available | |
| Various tradable instruments |
Is BenchMark Legit?
BenchMark is regulated by AMF with license number 75973, BaFin with license number 137382, FCA with license number 621564, as well as CNMV with license number 4100, but the current status is 'suspicious clone'.
What Can I Trade on BenchMark?
BenchMark offers a wide range of market instruments, including forex, indices, stocks, cryptocurrencies, metals, ETFs, and oil and gas.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Metals | ✔ |
| ETF | ✔ |
| Oil&gas | ✔ |
| Commodities | ❌ |
| Shares | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
BenchMark has two account types: live account and demo account. The demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
| Account Type | Supported |
| Live account | ✔ |
| Demo account | ✔ |
BenchMark Fees
The spread is as low as 0.6 pips. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.
Trading Platform
BenchMark cooperates with the authoritative MT4 and MT5 trading platforms available in iOS, Android, and Web to trade. Junior traders prefer MT4 over MT5, while traders with rich experience are more suitable for using MT5. MT4 and MT5 provide various trading strategies and implement EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop/Mobile/Web | Junior traders |
| MT5 | ✔ | Desktop/Mobile/Web | Experienced traders |
Deposit and Withdrawal
BenchMark accepts Bank Wire, Visa, MasterCard, and Maestro for deposit and withdrawal. The processing times are up to 30 minutes and associated fees are 0%.
张雅琪 15810128397
Morocco
I have been trading with benchmark for about a month and so far I am very satisfied. I chose the MT4 platform because I am more familiar with MT4. This company also provides MT5, so the benchmark is still very competitive in terms of platform. Furthermore, the educational resources it provides can also enable me to learn a lot of knowledge.
Positive
2022-11-21